Chris Temple and I chat today about the big picture for investors especially the PM bulls. We compare the market moves to back in 2000 and 2008. Plus comments on trade, USD moves, and global interest in equity markets.
While most everyone will be watching the Fed statements and press conference tomorrow there are a couple other important events to watch. Ed Moya, Senior Market Analyst at OANDA joins me to share his thoughts on the Fed meeting but also look to some earnings from big tech, Facebook and Apple. There is also jobs data that will be released and trade updates on the possible Phase 1 deal.
Chris Temple joins me today to share some thoughts on the swings we have seen in the markets so far today. With risk off rallying early on and US markets opening the day in negative territory it started to shift only a couple hours in to the trading day. Now US markets are a fraction of a percent away from all time highs. There are a couple stories driving this and a couple other events that we touch on to wrap up the week.
Eddie Ghabour, Co-Owner of Key Advisor Group LLC joins me to share his thoughts on the recent more optimistic trade talk as well as the Fed’s actions in the repo market. Both of these situations lack clarity which is why Eddie is still taking a conservative investing approach. We also look outside of the US to find value for investors.
This weekend you get a full two hours of market and economic commentary. In the first hour I focus on the many predictions of a recession occurring in 2020. We also discuss the trade war developments from this week and how it all relates to overall market direction.
The second hour of the show is focused on resource investing. Be sure to check out that posting under “Hour 2”.
Please let me know what you think of this weekend’s show. I love hearing from all of you and do my best to get back to your emails. My email is Fleck@kereport.com.
- Segment 1 & 2 – Mike Larson, Editor of The Safe Money Report kicks off the show with his thoughts on a possible 2020 recession. We look to the recent IPO market failures and the comments made by Powell earlier this week.
- Segment 3 – Chris Temple recaps the market moves at the end of the week on the back of the trade developments. The move to risk on was drastic at the end of the week.
- Segment 4 – Jeff Christian, Managing Partner at the CPM Group distinguishes between a recession and full on financial collapse that some are predicting. From an investing perspective this is very important for when the large correction hits.
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to recap the news out this week on Brexit, US/China trade talks, and Fed policy. All of the developments this week are shifting investors to a more risk on strategy but we have not seen major breakouts just yet. What it all means for the big picture is key because we have seen these kind of moves before that only lasted a short time frame.
Ed Moya, Chief Market Analyst at OANDA kick off today by recapping some of the major geopolitical events that are weighing on markets. It has been a continued story where politics are playing a major roll in market moves. The biggest change is that these political factors are sticking around from prolonged periods of time. We discuss the trade war between the US and China and recent events in Iraq and Ecuador that factor into the oil market.
Chris Temple kicks off today with comments on the news that came out over the weekend regarding China’s comments on trade. China made comments that they are looking for a limited trade deal and will only be focusing on a couple items at the upcoming meeting. While this is not having a major impact on markets it does fly in the face of the optimistic talk we heard all last week. We also touch on the future of Fed policy and the possibility of a major QE program.
Chris Temple kicks off this week with a quick look at the major drivers and markets. We start with the importance (or lack there of) of the recent moves in US markets, metals, and the dollar. As Chris puts it, the recent moves could all just be window dressing for the quarter end. We then discuss the recent issues with China with the possibility of tougher regulations for Chinese companies in the US. Finally we weigh in on the impeachment proceedings.
Chris Temple joins me to address the selloff towards the end of the week in precious metals. We are nearing the end of month and end of quarter closes so the Monday trading activity will be very important. Headlines continue to drive these moves but we balance truth with some of the rumors especially when it comes to trade between the US and China. We also look at the US dollar as another sign of money flows.